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Cash balance on november

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BusyBody Company expects its November sales to be 15% higher than its October sales of $230000. Purchases were $130000 in October and are expected to be $200000 in November. All sales are on credit and are collected as? follows: 30% in the month of the sale and 65% in the following month. Purchases are paid 30% in the month of purchase and 70% in the following month. The cash balance on November 1 is $13500. The cash balance on November 30 will be?

Reference no: EM132105033

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